Dogan Sirketler Grubu Holding A.S. · BIST:DOHOL

Dogan Sirketler Grubu Holding A.S — Investor Presentation (September 2012)

30 slides from Dogan Sirketler Grubu Holding A.S's investor presentation, September 2012

  1. Slide 1: Doğan Holding Investor Presentation – September 2012

    DOĞAN HOLDING Investor Presentation – September 2012

  2. Slide 2: Company Name Doğan Şirketler Grubu Holding A.Ş.

    Company Name DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş. Date of Establishment 22 09 1980 22.09.1980 Share Capital 2.450.000.000 Listing Istanbul Stock Exchange Ticker Symbol DOHOL Address Burhaniye Mah. Kısıklı Cad. No:65 Üsküdar - İSTANBUL Web Site www.doganholding.com.tr E-mail ir@doganholding.com.tr Phon

  3. Slide 3: Agenda

    Agenda 1. Doğan Group in Brief 2. Media Investments 3 Other Investments 3. • Retail • Energy E • Industry • Tourism

  4. Slide 4: Doğan Group in Brief

    Doğan Group in Brief ¾ 50 years of investment know-how and reputation ¾ Media continues to be the core business of the Group ¾ Turkey’s market leader in TV, Newspapers and Magazines ¾ Exposure to Strong Ad Growth ¾ Partnership with 7 multinational group ¾ Presence in 17 different countries ¾ Current

  5. Slide 5: Strategic Partnerships

    Strategic Partnerships Books Publishing - JV TV Channels - JV Broadcasting - Partnership Magazines - JV Technology Partnerhship Financial Partners Electricity Generation 5

  6. Slide 6: Investments

    Investments Doğan Şirketler Grubu Holding A.Ş. 33% Free Float <DOHOL> Mcap US$1,011 m Media Energy Industry Tourism ou s Retail Other 75.59% 99.99% 78.69% 98.68% 99.99% 85.54% Doğan ğ Yayın y Doğan ğ Enerji j Çelik Halat Ç Milta D&R* Milpa p Holding <CELHA> <MIPAZ> <DYHOL> Mcap US$29m Mcap US$77m >

  7. Slide 7: Shareholders and Share price

    Shareholders and Share price Total Share Capital Æ TL 2,450,000,000 Shareholder Structure Dogan Holding Stock Performance TL Daily Trading Volume (TL mn) Close TL mn 1.4 350 Sep 4, 2012 1.2 300 Share price TL0.75/US$0.41 1.0 250 0.8 200 Mcap (mn) TL1 838/US$1 011 TL1,838/US$1,011 0.6 150 52 wk US$1,

  8. Slide 8: Financial Summary

    Financial Summary ƒ Media Media’s s share in total revenues was 82% in 1H12. 1H12 Doğan Holding Doğan Holding Consolidated Revenues (TL m) Consolidated EBITDA (TL m) 2,867 2,519 256 234 1,399 1,565 127 133 225 2,612 156 187 187 2,285 122 172 1,151 1,275 2010 2011 1H11 1H12 2010 2011 1H11 1H12 Media

  9. Slide 9: Balance Sheet - Summary

    Balance Sheet - Summary C Consolidated lid t d Balance B l Sheet Sh t Summary S C Consolidated lid t d Net N t Cash C h Position P iti (TL mn) in TL mn 6/30/2012 12/31/2011 Δ Se 16, 2011 Jun 30, 2012 Current Assets 4,095 4,990 -18% N C Non Currentt A Assets t 4 447 4,447 3 655 3,655 11% Cash C h & M

  10. Slide 10: Consolidated Income Statement - Summary

    Consolidated Income Statement - Summary in TL mn 2Q12 2Q11 Δ YoY 1H12 1H11 Δ YoY Sales 819 778 5% 1,565 1,399 12% Gross Profit 271 264 3% 453 434 5% Gross Margin 33.1% 34.0% -0.8 p.p. 29.0% 31.0% -2.0 p.p. EBIT 62 84 -26% 63 91 -31% EBIT Margin 7 6% 7.6% 10 8% 10.8% -3.2 3 2 p.p. 4 0% 4.0% 6 5% 6.5%

  11. Slide 11: Agenda

    Agenda 1. Doğan Group in Brief 2 Media Investments 2. 3. Other Investments • Retail R t il • Energy • Industry • Tourism

  12. Slide 12: Media - Dogan Yayın Holding in Summary

    Media - Dogan Yayın Holding in Summary ƒ Market Leader in TV, Newspapers and Magazines in Turkey. ƒ Over 5 mn daily readers with 5 Newspapers; ƒ Market leader in newspaper circulation with 23% share ƒ Over 7 mn circulation pa with 26 Magazines ƒ Market leader in magazine circulation with 33% share ƒ

  13. Slide 13: Media (DYH) - The impact of Recent Disposals

    Media (DYH) - The impact of Recent Disposals Asset Disposals Market Share Impact Margin Cash Inflow Cash Inflow (FY11) improvement From Asset Sales (remaining 1H12 (incl. interest) payments) Publishing Pre-Disposal: p DYH Circulation Share: 29.8% DYH Audience Share*: 27.3% 3-4% EBITDA Hurriyet Asset

  14. Slide 14: Media - Advertising Market in Turkey

    Media - Advertising Market in Turkey ƒ Following 14% growth in 2011, 2011 Turkish ad market growth was only 1% in 1H12. 1H12 ƒ Internet had the highest yoy growth with 10%, while growth in TV segment was 1%. ƒ In 1H12, telecom and real estate sectors ad spent were down yoy by 19% and 7%, respectivel

  15. Slide 15: Media - Total Ad Spending in Turkey

    Media - Total Ad Spending in Turkey* ƒ Ad market continued its upward trend in 2011; 14% increase in FY11 attained attained. But, growth slowed down in 1H12. 0.42% Turkish Ad Spend (YTL) Ad Spend/GDP 0.39% 0.36% 0.36% 0.35% 0 37% 0.37% 0.34% 0.35% 0.32% 0.33% 0.31% 0.30% 0.28% 4 942 4,942 4,467 3,90

  16. Slide 16: Media – 1H12 Highlights

    Media – 1H12 Highlights ƒConsolidated revenues were up by 12%, with the support of printing & Doğan Yayın Holding P&L Consolidated Results other revenues, revenues mainly led by Star TV, TV Milliyet and Vatan becomming (TL m n) 1H11 1H12 YoY 3rd party. Consolidated Revenues 1,156 1,292 12% ƒ Circula

  17. Slide 17: Media – Consolidated Ad Growth by Segment

    Media – Consolidated Ad Growth by Segment (TL mn) FY10 FY11 Δ YoY 1H11 1H12 Δ YoY Publishing 632 A 699 11% 347 350 1% Hurriyet Grup excluding TME 353 387 10% 197 197 0% TME 169 189 12% 90 88 ‐2% Dogan Gazetecilik 88 93 5% 47 47 0% Magazines 23 27 16% 14 15 2% DMG International 11 11 5% 5 5 ‐1% Other

  18. Slide 18: Media – Publishing Segment

    Media – Publishing Segment Newspaper Circulation in 1H12* Total Magazine Circulation in 1H12 (000 copies daily & change vs. 1H11) (Units m & yoy growth) ‐3% Market DYH -5% 4,713 10.4 -4% ‐7% ‐5% 1% 3.4 417 459 189 Market Hürriyet Posta Fanatik 1H12 Source: Basin –İlan Source: DPP & Dogan Burda Dergi

  19. Slide 19: Media – Publishing Revenues & EBITDA

    Media – Publishing Revenues & EBITDA Newsprint prices in 2Q12 were lower on qoq, but still above Publishing P&L Results 1H11 levels. (TL m n) 1H11 1H12 YoY Revenues 682 725 6% ƒ Total publishing revenues increased by 6% in 1H12. Advertising 353 352 0% ƒ Domestic ad revenues remained at the same leve

  20. Slide 20: Media – Broadcasting Segment

    Media – Broadcasting Segment FTA Channels Digital Platform Audience Share FY11 (%) D-Smart Statistics (in thousands) Prime Total Audience Share Pay TV Subscribers Free-TV Users Total Users Time Day 1,555 1,439 Kanal D 19.8 14.3 1,248 1,112 724 Show TV 13.2 10.5 607 918 423 270 85 ATV 11.3 9.6 388 0

  21. Slide 21: Media – Broadcasting Revenues & EBITDA

    Media – Broadcasting Revenues & EBITDA Ad revenues remained intact. ƒ Total broadcasting revenues increased by 19% yoy, due to the rise in Broadcasting P&L Results (TL mn) 1H11 1H12 YoY other revenues. Revenues 490 583 19% Advertising 339 335 -1% ƒ Broadcasting segment’s other revenues in 1H12 inclu

  22. Slide 22: Agenda

    Agenda 1. Doğan Group in Brief 2 Media 2. M di Investments I t t 3. Other Investments • Retail • Energy • Industry • Tourism

  23. Slide 23: Retail – D&R

    Retail – D&R * ƒ D&R, celebrating its 15th anniversary this year, offers books, music, movies, magazines and games, as well as hobby, multimedia and electronic products, accessories and stationery at its 115 stores in 24 cities. ƒ As of Jun 2012, D&R reached 117 stores and net store area of 45,858 (

  24. Slide 24: Energy - Doğan Enerji - Power Generation (Hydro)

    Energy - Doğan Enerji - Power Generation (Hydro) Boyabat y HEPP Aslancık HEPP Key Data Key Data Installed Capacity: 513 MW Installed Capacity: 120 MW Configuration: 3X171MW Configuration: 2X60MW Fuel: Hydro Fuel: Hydro Type: Dam Type: Dam Generation: 1.5 TWh Generation: 418 GWh Investment: 1,25 bill

  25. Slide 25: Energy - Doğan Enerji - Power Generation (Wind)

    Energy - Doğan Enerji - Power Generation (Wind) Galata WPP ((Bandırma)) Akdeniz WPP (Mersin) Key Data Key Data Current Installed Capacity: 93 MW Current Installed Capacity: 33 MW Additional Capacity: 12 MW Additional Capacity: 9 MW (by 2012-end) Bandırma a d a (by 2012-end) 2012 end) License: 2008 L

  26. Slide 26: Energy - Doğan Enerji – Oil Production

    Energy - Doğan Enerji – Oil Production Gas Plus Erbil ƒ Doğan Enerji owns 50% of Gas Plus Erbil (“GPE”) ƒ GPE holds 40% interest in Erbil Production Sharing Contract with 20+5 years of Development and Production Period ƒ Declaration of Commerciality of the Benenan and Bastora Discoveries filed on 25

  27. Slide 27: Industry

    Industry Çelik Halat Ç Ditaş ş Doğan ğ ƒ Steel Ropes, industrial high carbon galvanized wires, finishing ƒ Rods and parts to the vehicle manufacturers (OEM) and galvanized wires, industrial spring wires, bed wires and pre- spare parts (IAM) stressed wires and strands manufacturer ƒ Suppliers of 42 c

  28. Slide 28: Tourism - Milta

    Tourism - Milta Marina Resort Management ƒ Located on Bodrum City Center ƒ 2 Hotels in Bodrum and in Antalya Kemerdibi ƒ International Marina granted with Gold Award by U.K. Yacht ƒ Bodrum Işıl Club Harbour Association Located in Torba on 35.000 sqm land Number of rooms Æ 292 ƒ Land status is rented

  29. Slide 29: Appendix / Disclaimer

    Appendix / Disclaimer Doğan Şirketler Grubu Holding A.Ş. (“Doğan Holding”) has prepared this book (the “Book”) for the sole purpose of providing information relating to Doğan H ldi (the Holding (th “Information”). “I f ti ”) The Th contents t t off this thi Book B k is i based b d on public bli info

  30. Slide 30: Thank You..

    Doğan D ğ ŞiŞirketler k tl Grubu G b Holding H ldi A.Ş. AŞ Burhaniye Mah. Kısıklı Cad. No.65 34676 Üsküdar, İstanbul tel: +90 216 556 9000 Thank You.. For further information E-mail: ir@doganholding.com.tr Web site: www.doganholding.com.tr

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